Determinants of judicial efficiency: a survey

Voigt, Stefan

doi:10.1007/s10657-016-9531-6

Cited by 102 publications

(52 citation statements)

References 70 publications

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“…One of the general definitions of efficiency is proposed by Voigt (2016): ''Efficiency prevails when a given output is realized with minimum input, or a maximum output is produced with a given amount of inputs." In respect of the bankruptcy law procedures, there is no ultimate approach to the efficiency assessment.…”

Section: Efficiency In Bankruptcymentioning

confidence: 99%

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The efficiency of bankruptcy law: evidence of creditor protection in Poland

Staszkiewicz

Morawska

2019

Eur J Law Econ

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A debt does not function as a liquid asset in an ineffective enforcement environment. In this study, we investigated the efficiency of creditor protection in insolvency. We approached efficiency in three dimensions: ex ante, ex post, and interim. This paper presents the differences between Polish and Spanish ex ante efficiency, the factors influencing the interim recovery rate and efficiency, and the differences between ex ante and ex post efficiency in Polish proceedings. We studied 17,494 financial statements of Polish companies and the finalized proceedings of 784 court cases from the period 2004-2012. We applied regression analysis, combined with classification and robustness tests. Our evidence supports the conclusion that Polish insolvency proceedings are inefficient. The interim efficiency oscillates at 12% per annum. The duration of the proceeding from filing until resolution takes an average of 853 days. These results have policy implications, as creditor protection is a major aspect in attracting investment for net foreign debtors.

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Section: Efficiency In Bankruptcymentioning

confidence: 99%

“…We did not operationalize, among others, the Data Envelopment Analysis, Stochastic Frontier Analysis, or Directional Distance Function due to their limitations. For a detailed review of the portfolio of methods used across efficiency research, refer toVoigt (2016).…”

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confidence: 99%

The efficiency of bankruptcy law: evidence of creditor protection in Poland

Staszkiewicz

Morawska

2019

Eur J Law Econ

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“…Yet they all refer to distinct dimensions and ought to be properly distinguished. It is not the aim of this work to survey the existing evidence showing the importance of all the aforementioned dimensions (see Voigt (2016) for this purpose), but rather to focus our attention on some (rather controversial) aspects that, in our opinion, have not been handled with sufficient attention by previous literature. More specifically, we wish to clarify the difference between judicial efficiency and judicial effectiveness.…”

Section: Do Policy Makers and Entrepreneurs Want The Same Thing From mentioning

confidence: 99%

“…We then employ two measures of judicial effectiveness: judicial delay ( JD ) and clearance rate ( CR ). Our measure of judicial delay ( JD ) is the “time-enforcing contract” variable supplied by World Bank (2016), whose constructive methodology was originally conceived by Djankov et al (2003). 2 The clearance rate ( CR ) values are the same as those estimated in Ippoliti et al (2015) using data from CEPEJ (2014).…”

Section: Do Policy Makers and Entrepreneurs Want The Same Thing From mentioning

confidence: 99%

The economic importance of judicial institutions, their performance and the proper way to measure them

Marciano

Melcarne

Ramello

2018

Journal of Institutional Economics

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In the present paper we contribute to the previous literature on de facto enforcing mechanisms, by focusing on the role of judicial institutions and their performance and measurement. We propose both theoretical and empirical evidence supporting the necessity of a clear distinction between two measures of judicial performance, efficiency and efficacy, which have often been confused in previous literature. Not only might economic actors not be affected to the same extent by these two indicators, but we show that these measures do not even correlate significantly with each other. We also bring evidence against the alleged trade-off between the quality of justice and judicial performance in its quantitative dimension, showing that this relationship is much more complicated than is claimed by some legal scholars.

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“…Más recientes son los trabajos sobre las cortes italianas, Finocchiaro y Guccio (2014) y Peyrache y Zago (2016), y las portuguesas, Santos y Amado (2014). Sin embargo, de los 46 estudios que recoge Voigt (2016), solo uno de ellos realiza un análisis comparativo entre países 10 . Creemos, por tanto, que nuestro trabajo viene a paliar este hueco en la investigación, realizando un análisis comparativo de la eficiencia en las administraciones de justicia de 34 países de la OCDE con el objetivo de situar a la Administración de Justicia española en el contexto europeo y, posteriormente, analizar hasta qué punto un mayor gasto en Justicia garantiza mejores resultados.…”

Section: Cuadro 1 Ejemplo Ilustrativounclassified

¿está Justificada La Mala Imagen De La Administración De Justicia Española? ¿es Un Problema De Inversión?: Una Comparativa Europea Mediante El Análisis Dea

Cueto

López²

2017

ReE

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La justicia es un bien público y, en consecuencia, en el seno de la Administración Pública, el correcto funcionamiento de la Administración de Justicia tiene capital importancia para una sociedad. En la actualidad, el sistema judicial español es objeto de severas críticas, que lo califican de ineficiente y tardío. Un gran sector social y profesional de la Administración de Justicia considera que la falta de medios es la causa de su mal funcionamiento, y reclaman mayor inversión. En este trabajo analizamos si ambas aseveraciones son acertadas: si es ineficiente la Administración de Justicia española y si un mayor gasto conllevaría a la mejora de este servicio público. Aplicando la metodología de Análisis Envolvente de Datos (DEA), determinamos la eficiencia de la Administración de Justicia española en relación con otras Administraciones de Justicia europeas y, mediante el análisis tobit, relacionamos las puntuaciones DEA y el gasto público. Nuestros resultados concluyen que un mayor esfuerzo en el gasto conllevará a una mejor posición. ABSTRACTJustice is a public good. Therefore, within the core of the Public Administration, the proper functioning of the Judicial Administration is of utmost importance to society. Currently, the Spanish Judicial System is being subject to sharp criticism that qualifies it as inefficient and belated. A large social and professional sector of the Judicial Administration considers that the lack of means is the reason behind its poor functioning and so, they demand greater investment. Throughout this paper the accuracy of both assertions will be analysed: whether the Spanish Judicial Administration is inefficient and whether a greater expenditure would lead to the improvement of such public service. By applying the Data Envelopment Analysis (DEA) methodology, the efficiency of the Spanish Judicial Administration is determined and compared to that of other European Judicial Administrations. Through the Tobit analysis, the DEA levels are related to the public spending. Our outcomes show that a greater expenditure effort will result into a better ranking position.

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Determinants of judicial efficiency: a survey

Cited by 102 publications

References 70 publications

The efficiency of bankruptcy law: evidence of creditor protection in Poland

The efficiency of bankruptcy law: evidence of creditor protection in Poland

The economic importance of judicial institutions, their performance and the proper way to measure them

¿está Justificada La Mala Imagen De La Administración De Justicia Española? ¿es Un Problema De Inversión?: Una Comparativa Europea Mediante El Análisis Dea

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